PLANNING and saving for retirement is something we rarely pause to think of until we are closer to our retiring years but demographic changes clearly indicate the need for a parallel change in mindset.
According to the World Population Organisation of the United Nations, as long as a country’s population at the age of 60 or above accounts for at least 10% of the total population, or the population at the age of 65 or above reaches 7%, it can be concluded that the whole population is ageing.
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